The Motor Vehicle Insurance Rate Review Procedures Act in Pennsylvania establishes the rules for reviewing and approving motor vehicle insurance rate filings. It mandates a 60-day waiting period before new rates can take effect, with certain exceptions allowing earlier implementation. The law also clarifies its scope and supersedes conflicting regulations from other acts.
It establishes procedures for reviewing and approving motor vehicle insurance rate filings in Pennsylvania, including waiting periods and exceptions.
There is a 60-day waiting period from the date the filing is received by the commissioner, which can be extended by an additional 30 days if needed.
Yes, the commissioner can authorize earlier effectiveness with written application, and rates can be used earlier with the insured's written consent and department approval.
No, it specifically applies to motor vehicle insurance rate filings and supersedes conflicting regulations from other acts when applicable.